Tupperware Brands (TUP) Stock Rating Upgraded by Zacks Investment Research

Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage presently has a $71.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 10.78% from the stock’s current price.

According to Zacks, “Tupperware Brands is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales force of 3.2 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands. Tupperware Brands’ growth comes from its worldwide sales force, and for over 65 years they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “

TUP has been the subject of a number of other research reports. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a research note on Thursday, October 12th. Citigroup boosted their price target on Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Morgan Stanley boosted their price target on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $65.00 price target on shares of Tupperware Brands in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $68.83.

Tupperware Brands (TUP) traded up $0.69 during mid-day trading on Friday, reaching $64.09. The company had a trading volume of 248,200 shares, compared to its average volume of 356,700. The firm has a market capitalization of $3,260.00, a P/E ratio of 23.31, a PEG ratio of 1.03 and a beta of 1.75. Tupperware Brands has a fifty-two week low of $53.65 and a fifty-two week high of $74.36. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. The business had revenue of $539.50 million during the quarter, compared to the consensus estimate of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. Tupperware Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. analysts anticipate that Tupperware Brands will post 4.75 EPS for the current fiscal year.

In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the transaction, the chairman now owns 54,059 shares in the company, valued at $3,203,536.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total value of $124,860.00. Following the completion of the transaction, the executive vice president now owns 6,765 shares in the company, valued at approximately $422,338.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,600 shares of company stock worth $3,010,776. Company insiders own 3.14% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TUP. Steward Partners Investment Advisory LLC bought a new position in Tupperware Brands in the third quarter valued at about $102,000. Tower Research Capital LLC TRC bought a new position in Tupperware Brands in the second quarter valued at about $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tupperware Brands by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after acquiring an additional 167 shares during the last quarter. Mckinley Capital Management LLC Delaware grew its position in Tupperware Brands by 1,157.7% in the third quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after acquiring an additional 2,246 shares during the last quarter. Finally, Cetera Advisor Networks LLC bought a new position in Tupperware Brands in the third quarter valued at about $201,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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Tupperware Brands Company Profile

Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.

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